The first time was BTC70,000 and ETH4,000;
The second time: BTC70000, ETH3900;
The third time: BTC70000, ETH3300;
The fourth time: BTC70000, ETH2500;
#以太坊 At present, it is facing the challenge of declining popularity and lower adoption rate than other chains such as Solana. The main reason may be the high gas fee.
I would like to combine the high gas fee of Ethereum with the current bull market and explore some of the differences from the previous bull market to explore possible breakthroughs.
We all know that this bull market has reached the present, and the several climaxes during this period have all been led by the meme sector. Various primary market makers have gradually become less trusted by retail investors, and institutional VC coins listed on major exchanges have also lost their value. The last bull market often had a wealth-creating effect of five to ten times the increase. Why is this so?
Firstly, due to the significant differences in the current institutional coin issuance model compared to the past, the existing mechanism is more popular in locking a large number of tokens at issuance, and institutions earn profits through periodically unlocking tokens. However, this creates a state of inflation for the tokens, directly leading to an inflated maximum supply market value, powerless subsequent price increases, and situations where the opening price is the peak. This causes most project participants to not only be unable to gain the profits they should acquire from project growth, but also to become victims of being harvested.
Unfair!
As for various tokens in the primary market, it is even simpler and more violent. The current token issuance mechanism allows project initiators to hold any number of free chips, and the project party will also disguise the illusion of not running away through locking LP pools. However, the situation of various mouse warehouses dumping goods and the risk of zero-cost chips crashing the market is no longer related to whether the pool is locked.
Unfair!
As these phenomena become increasingly common, people's tolerance for this situation has been rising, and retail investors even begin to think that the current environment is a daily occurrence in the crypto world, and not being harvested feels unusual? This directly leads project parties to become increasingly indulgent, with growing appetites and increasingly unscrupulous methods.
However, when examining the root cause, the above situation can actually be summarized into one point: the dealer starts with a large amount of free chips, while retail investors who believe in the project and are willing to hold can only become victims.
It's still damn unfair!
However, on October 11, 2024, a project combining Ethereum characteristics and inscriptions (Daram) was launched, which made me see a ray of light called fairness, a ray that may improve the dilemma of Ethereum!
#Daram adopts a new issuance method called #FDME (FreeMint+DeFi+MEME)
This model combines the fair Mint of BRC20 inscriptions with the high liquidity advantage of ERC20 tokens, which not only eliminates the unfairness of project parties holding a large number of tokens, but also, since the project initiator has no chips, all liquidity and profits are obtained through the consensus of collective token participants, naturally possessing the characteristics of CTO community governance.
Returning to the initial issue of high Ethereum Gas fees; the DARAM issuance process generated about $840,000 in Gas fees; now, the well-known disadvantage in this matter has completely reversed to form an advantage. Gas fees have become a cost payment for fairness and security, which is a path that other chains simply cannot replicate: any token issued in the Ethereum FDME model represents a foundation of fairness!
As long as there can be a popularization of the FDME track on Ethereum, it will definitely bring great benefits for ETH deflation, Ethereum activation, and the income creation for Ethereum chain transaction validators!
You may not support Daram, but you must support the FDME track, and stand on the side of defending fairness! Maintain your minimum yet most invaluable rights!
